3:20 Update

Well I picked quite a time to start posting my swing trades. Thursday and Friday was the worst 2 day drop since 2008 and the first time markets have been off 10% from the highs since 2011. The market is about as oversold as I have seen it since 2008. So it does not get any more difficult then this for swing trading.

The idea is to manage your trades. Position size according to your bankroll. And finally do not trade on margin. If you follow the above your will stay out of trouble and be able to manage these difficult times. I was doing this during the 2008 financial crisis and this isnt near as bad as things were then. This is a blip compared to 2008. Now that isnt to say things cant develop into a 2008 scenario but I do not see it. The only thing that appears to me to be a bit different this time is you do not have Bernake or Greenspan at the helm. Either one of those would have calmed the markets by now by announcing no rate hikes and further easing in the credit markets. Now you do not hear much from Yellen and you get some of the Fed governors gratuitously stating they are in favor of hiking rates this month.

Right now the markets are off about 3/4 of a percent in the globex but that can change dramtically overnight…both on the upside and downside.

To give you an idea of the variety of swing setups I trade. The SPY/SSO trade is the strongest. Hitting 92% winners this year. The stock swing trade I made in Dis on Friday is in a category of trades that is 88% this year. These are the two of the strongest setups consistently.

My plan for Monday is to Manage the existing 5 trades that I have on now. And also to take a few more trades on Monday. I will consider the 2nd half of the SPY/SSO trade and will most likely put on a stock swing. In addition there are a few other setups that might develop Monday. I am sticking to the plan.

Bounces right now will be quick and come without warning. The will be very dramatic to the upside when they come. The idea is to be well positioned for them. As long as you are managing your trades and position sizing you will stay out of trouble. Do not get stubborn.

If you want to follow my swing trades just send an invite to RICKJSWINGS for a two week free trial.

For those of you whose trial is running out you can sign up for 24$ a month through Paypal. Just send to my email address: riccja3@gmail.com

Saturday we went 1-2 on our MLB plays. Winning with Houston +111 and losing with Atlanta +190 and Colorado +112. It was looking like Atlanta +190 was an easy winner as they had a 7-3 lead in the fifth. But that was short lived:( Also our NFL setup on Baltimore never had a chance.

Today 2 games that look good to me:

Sunday MLB Plays
Detroit +122
Houston +158

There are a few other games that have potential. I will update if they become clear.

Early MLB Weightings for Sunday

977 CLE – T Bauer 0
978 NYY – C Sabathia 0
965 TEX – C Hamels
966 DET – M Boyd 3+
953 PHI – A Nola
954 MIA – A Conley 1
951 ARI – C Anderson
952 CIN – R Iglesias 1
969 MIN – M Pelfrey 0
970 BAL – K Gausman 0
967 KC – E Volquez
968 BOS – E Rodriguez 3NO
957 MIL – M Garza 1
958 WAS – J Zimmermann
979 LAD – C Kershaw
980 HOU – L McCullers 4+
959 ATL – M Wisler 2+
960 CHC – J Hammel
971 TOR – R Dickey
972 LAA – G Richards 1
973 TB – J Odorizzi
974 OAK – K Graveman 1
961 STL – M Wacha
962 SD – C Rea 2
963 NYM – L Verrett
964 COL – D Hale 2++
975 CHW – J Danks 2
976 SEA – T Walker
955 SF – R Vogelsong 3.5???
956 PIT – F Liriano

I put ?? and No by ratings to express how I am evaluating the rating.

I will have some market comments later today. Should be an interesting week ahead.

RickJ
Rickjshandicappingpicks.com
twitter: rickjsportplays
Twitter: rickjswingtrade
Private Twitter: Rickjswings ( send me an email for a 2week free trial)

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt
Rickj's Handicapping Picks
Sign up now for our  newsletter. Includes handicapping tips

MLB Is free for the 2024 Season
See details on rickjshandicappingpicks.com

RickJ's Handicapping Picks  The latest in positive EV handicapping Techniques Overnight Plays in MLB are sent out around 3 to 4 PM PST the day before Come join us for a fun and profitable Pro Sports season!!!  
Sign up now  for a fun and exciting football season
Close

Positive EV Handicapping


Do you know the important clues that help determine which side has +EV?
 
  • Learn about Reverse Line Moves and how they apply to each sport
  • Learn about being a contrarian and using public % numbers to get an edge
  • Learn about the seasons within a season that all sports have
  • Learn key numbers in all sports

Sign up to get updates that will help you with your sports handicapping!
 
SUBSCRIBE
close-link